 Hi, good morning, and welcome to today's products my focus US 30 there is a coast in between two ranges potential support 17 075 potential resistance Actually, I'm gonna redraw that now because I guess we're probably closer to 17 1 6 2 now and most global markets are Kind of sputtering a little bit at these high levels with the UK 100 slightly recovering from yesterday's Big sell off there, so a matter of fact having a look at that just now you can see it bounced perfectly off 6 7 7 4 and Actually finished bang on the other potential Support slash resistance level at 6 8 3 2 we are on the wrong side of that this morning though But it's not looking like we're gonna start the session That negative But at the time of recording this this is just before the UK market is about to open So we'll see how this continues on any continuing sell-off We're looking at 6 7 7 4 as the next potential support level if we do you still see that pressure on there So Japan 2 to 5 I got a little bit shot in the arm again yesterday is Daly and completely reverse course But we're battering up against potential resistance at 15 8 28 again And in fact we have to talk about the dollar because the dollar is just going rampant right across all of the other Majors, so there was a report that came out yesterday which was in regards to interest rates in the US and it basically gave the idea that the Fed members were thinking of our rate raise a different trajectory as to What the what the rest of the trading community thought so? Obviously non-farm perils came out quite badly there last Friday and the mindset being well Maybe there's not going to be a rate raise before the end of 2014 the report Yes, they basically saying well you should re-examine that mantra because maybe that's what we're thinking And you've seen the dollar just go Smashing up through potential resistance at 105 spot 44 and dollar yen and still going strong right now So this is multi multi-year highs and I actually need to go into a weekly chart To see if we can get another significant level. In fact, you can be looking at 110 spots 77 is actually the next potential resistance So we're a long way from there right now. Obviously. It's just early days in this breakout, but a very strong move to the upside right there and quite quite powerful for people who are looking at Dollar yen, and I'll show you other effects pairs in a second. So looking at Crudall West Texas we actually touched 9285 yesterday linked about it's back up again breaking down back below 94 dollars this morning probably 9285 is still going to be the next potential support level Swiftly followed on by 89 if we continue to see that pressure and obviously that stronger USD must be hurting Crudall West Texas ever slightly so gold is a bit of a casualty of this big dollar move As you can see quite a negative move there But we're we might be bouncing off the bottom of this trend line if this trend line is still in place right now So we talked about this maybe being a channel formation right here And we are kind of hugging this bottom level right here But I guess you've got another potential support level in about 1241 We'll just have to see how that how that progresses through it next couple of sessions But some very interesting moves we are obviously in the wrong side of potential support at 1267 right now So the pressure is on so moving on to your dollar Your dollar moves ever lower obviously a stronger USD, but obviously lots of reasons to sell the euro right now We're halfway to the next potential support one spot 2746 And you're obviously about in the middle of two ranges There's not really much else to talk about but lots of other pressure lots lots of pressure on your dollar Very strong dollar story very negative euro story And obviously that trend is quite quite significant and then Scottish independence is not doing cable any favor any favors right now We're not that far away from one spot 60 09 we've talked about this being the the next potential Support level, but in reality, I'm sure we could probably come up with something a little bit a little bit more concrete I'm looking at these levels of potential support along the bottom there. You could say 59 17 is probably more accurate I'm going to leave 60 0 9. Obviously it's quite close to Once about 60 full stops or that psychological round number can be quite useful And we'll see how that pans out So I come at data wise is quite an amount of UK data before 9 30 UK time You've got industrial production and trade balance And then we fast forward on to Wednesday you've got crude oil inventories and that's pretty much it So keep your eye on the chart forum as ever for a technical trade setups from a global analyst team Make insights part of your layout and join me again tomorrow to find out what happened next